Offer Update: Suspension From Trading (2178Y)
20 Dezember 2010 - 8:30AM
UK Regulatory
TIDMAFD
RNS Number : 2178Y
African Diamonds PLC
20 December 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
20 December 2010
African Diamonds PLC ("African Diamonds" or the "Company")
Offer Update: Suspension from Trading
African Diamonds announces that following the approval by its
shareholders of the Scheme (as announced on 26 November 2010)
pursuant to which Lucara would acquire the entire issued share
capital of the Company, trading on AIM in AFD Shares has been
suspended pending the Court Hearing to sanction the Scheme to be
held later today.
For the avoidance of doubt, defined terms in this announcement
have the same meaning as those in the Scheme Document.
For further information please contact:
African Diamonds Plc
John Teeling Tel: +353 1 833 2833
James AH Campbell Tel: +27 83 457 3724
finnCap
Matthew Robinson Tel: +44 207 600 1658
Henrik Persson
College Hill
Nick Elwes Tel: +44 207 457 2020
www.afdiamonds.com
This announcement is made by African Diamonds and is not
intended to, and does not, constitute or form any part of an offer
to sell or an invitation to purchase or subscribe for any
securities or the solicitation of any vote for approval in any
jurisdiction, nor shall there be any sale, issuance or transfer of
the securities referred to in this announcement in the United
States or any jurisdiction in contravention of applicable law. The
Offer has been made solely on the basis of the Scheme Document,
which contains the full terms and conditions of the Offer. The
Scheme Document has been posted to those shareholders able to
receive it. Any response in relation to the Offer should be made
only on the basis of the information in the Scheme Document.
AFD Shareholders are advised to read the formal documentation
received by them in relation to the Offer carefully as it contains
important information.
Whether or not certain AFD Shares were voted at the Court
Meeting or the General Meeting, if the Scheme becomes effective
those AFD Shares will be cancelled pursuant to the Scheme in return
for 0.8 of a Lucara Share (credited as fully paid up and rounded
down to the nearest whole number) and one (1) BD Share.
The availability of the Offer to AFD Shareholders who are not
resident in and citizens of the United Kingdom may be affected by
the laws of the relevant jurisdictions in which they are located or
of which they are citizens. Such persons should inform themselves
of, and observe, any applicable legal or regulatory requirements of
their jurisdictions. Further details in relation to overseas
shareholders are contained in the Scheme Document.
To the extent that the Offer is effected by way of the Scheme,
the Lucara Shares to be issued to AFD Shareholders under the Scheme
have not been, and will not be, registered under the US Securities
Act, or under the securities laws of any state, district or other
jurisdiction of the United States, the Republic of South Africa,
Singapore, Canada or Japan.
These written materials are not an offer of securities for sale
in the United States. Securities may not be offered or sold in the
United States absent registration under the US Securities Act or an
exemption therefrom. Lucara has not registered and does not intend
to register any of the Lucara Shares under the US Securities
Act.
finnCap, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for
African Diamonds and no-one else in connection with the matters
described in this Announcement and will not be responsible to
anyone other than African Diamonds for providing the protections
afforded to clients of finnCap nor for providing advice in relation
to the Acquisition or any other matter described in this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPFMMMZKNDGGZM
African Diamonds (LSE:AFD)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
African Diamonds (LSE:AFD)
Historical Stock Chart
Von Mai 2023 bis Mai 2024